Kercheville Advisors LLC Increases Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Kercheville Advisors LLC boosted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,360 shares of the exchange traded fund’s stock after purchasing an additional 15,050 shares during the period. VanEck Gold Miners ETF comprises approximately 3.2% of Kercheville Advisors LLC’s holdings, making the stock its 12th largest holding. Kercheville Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $7,580,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Morton Capital Management LLC CA grew its holdings in shares of VanEck Gold Miners ETF by 0.3% during the 2nd quarter. Morton Capital Management LLC CA now owns 88,622 shares of the exchange traded fund’s stock worth $3,007,000 after acquiring an additional 287 shares during the period. Mather Group LLC. grew its holdings in shares of VanEck Gold Miners ETF by 21.3% during the 2nd quarter. Mather Group LLC. now owns 1,638 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 288 shares during the period. Cedar Wealth Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 63.4% during the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 339 shares during the period. IAM Advisory LLC grew its holdings in shares of VanEck Gold Miners ETF by 0.7% during the 2nd quarter. IAM Advisory LLC now owns 48,789 shares of the exchange traded fund’s stock worth $1,655,000 after acquiring an additional 341 shares during the period. Finally, Foundations Investment Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 3.7% during the 2nd quarter. Foundations Investment Advisors LLC now owns 10,134 shares of the exchange traded fund’s stock worth $344,000 after acquiring an additional 366 shares during the period.

VanEck Gold Miners ETF Stock Down 1.4 %

VanEck Gold Miners ETF stock opened at $41.56 on Monday. The company has a market capitalization of $16.61 billion, a P/E ratio of 28.03 and a beta of 0.85. The stock’s 50 day moving average is $39.78 and its 200 day moving average is $36.88. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22.

About VanEck Gold Miners ETF

The Fund seeks to match as closely as possible the price and yield performance of the AMEX Gold Miners Index. The Fund, utilizing a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of stocks that generally replicate the Index.